23 Feb 2015
Key events ahead: Greece headlines and Yellen’s testimony in focus – NAB
FXStreet (Barcelona) - Ray Attrill, Global Co-Head of FX Strategy at NAB, previews the key data and events for the week, noting that headlines related to Greece’s proposed reform and Yellen’s testimony will shape the week.
Key Quotes
“An event-packed week ahead, beginning with uncertainty over whether or not Greece’s proposed reform agenda due to be sent to EZ counterparts on Monday will prove acceptable. We shan’t know at least until.”
“Tuesday evening after EcoFin again convene to consider it, which means Wednesday morning in APAC and by which time we will also have had the first of Fed chair Janet Yellen’s Congressional Testimonies. These events will shape the week.”
“For Australia’s they’ll be keen interest in Thursday’s Q4 Private Capex survey, in particular the new forward estimates and to which the RBA will doubtless be paying close attention ahead of next Tuesday’s RBA meeting. The Wage Price Index for Q4 is due on Wednesday.”
“China’s economic calendar restarts after the LNY holiday with the HSBC manufacturing PMI on Wednesday.”
“Today, nothing of note locally on the economic calendar; tonight, Germany’s IFO survey gets top billing, amid evidence that activity may be picking up in large parts of the Eurozone even before the ECB €60bn per month QE programme has even started (March).”
Key Quotes
“An event-packed week ahead, beginning with uncertainty over whether or not Greece’s proposed reform agenda due to be sent to EZ counterparts on Monday will prove acceptable. We shan’t know at least until.”
“Tuesday evening after EcoFin again convene to consider it, which means Wednesday morning in APAC and by which time we will also have had the first of Fed chair Janet Yellen’s Congressional Testimonies. These events will shape the week.”
“For Australia’s they’ll be keen interest in Thursday’s Q4 Private Capex survey, in particular the new forward estimates and to which the RBA will doubtless be paying close attention ahead of next Tuesday’s RBA meeting. The Wage Price Index for Q4 is due on Wednesday.”
“China’s economic calendar restarts after the LNY holiday with the HSBC manufacturing PMI on Wednesday.”
“Today, nothing of note locally on the economic calendar; tonight, Germany’s IFO survey gets top billing, amid evidence that activity may be picking up in large parts of the Eurozone even before the ECB €60bn per month QE programme has even started (March).”